Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Currencies Japanese yen touches 120 to U.S. dollar, weakest in six years BOJ's Kuroda reiterates loose monetary policy, rallying yen bears The Japanese yet hit its weakest level in six years on March 22.
MITSURU OBE, Nikkei Asia chief business news correspondent March 22, 2022 11:08 JST Updated on March 22, 2022 14:48 JST | Japan
TOKYO -- The yen tumbled to 120 against the dollar on Tuesday for the first time in more than six years, as traders reacted to a hawkish remark from U.S. Federal Reserve Chairman Jerome Powell.
The Japanese currency fell as low as 120.43 in Tokyo from its 118.87 level late on Friday. The Tokyo market was closed on Monday for a public holiday.
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